Summary
Millennials prefer smaller, more affordable homes compared to the larger "McMansion" style homes favored by Gen X. Zillow data shows millennials value energy efficiency, bold colors, and practical features like reading nooks over showy and expansive designs.
Key Facts
- Millennials are buying smaller, more affordable homes instead of large "McMansions."
- "McMansions" were popular among Gen X and often featured large foyers, many bathrooms, and extensive open floor plans.
- New home trends include bold colors like olive green and navy blue instead of the neutral colors popular in 2006.
- Energy efficiency is important, with a rise in listings for zero-energy ready homes and homes with EV charging stations.
- There is an increased focus on flood protection and fire resistance in homes.
- Zillow noted a cultural shift towards homes being personal sanctuaries rather than just status symbols.
- Mentions of reading nooks in home listings have increased by 48 percent.
- Millennials value homes that are adaptable to changing lifestyles, families, and climates.
